Need A Financial Product Forums Tax Savings Do I need to pay fine on missed ITRs

This topic contains 1 reply, has 2 voices, and was last updated by  Sandeep Padave 2 years, 4 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #48276

    I missed to file last 2 years income tax returns because of my health issues. I have genuine reports to prove my point. I don’t have any outstanding tax liability and whatever tax was due has already been deducted as TDS. IF I file now, will I need to pay a heavy penalty? Is there any way I can reduce this fine?

    #48277

    Since your reason sound to be genuine, I don’t think that the assessing officer will impose any penalty. File your ITR without worrying.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com